if the bank is willing to settle for the presents value of the loan, if the current rate of interest is 10 percent compounded quarterly
what is the solution? how to calculate it.
2007-07-06 16:10:36 · 3 answers · asked by haringmarumo 6 in Business & Finance ➔ Personal Finance
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2007-07-06 16:12:53 · answer #1 · answered by senthil k 1 · 0⤊ 0⤋
Your best bet is to make an entire budget and see where all your money goes when you see how much is left over the real question should be how much can i give in order to pay this off faster? The faster you pay it off the more you save from not having to pay the interest. Not only that but you get better credit ratings!
2007-07-06 23:14:43 · answer #2 · answered by "Ask Dr. Stupid" 4 · 0⤊ 0⤋
Doesn't your text book explain how to do your homework?
2007-07-06 23:18:57 · answer #3 · answered by shipwreck 7 · 0⤊ 0⤋